Arlington Asset Investment (AI) Commences 1.35M Common Offering
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Price: $9.06 -3.92%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 16.5%
Revenue Growth %: -25.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 16.5%
Revenue Growth %: -25.6%
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Arlington Asset Investment Corp. (NYSE: AI) has commenced an underwritten registered public offering of 1,350,000 shares of Class A common stock.
The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 202,500 shares of Class A common stock to cover over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., will serve as sole bookrunning manager for the offering. Compass Point Research & Trading, LLC, Mitsubishi UFJ Securities and National Securities Corporation will serve as lead managers and Aegis Capital Corp. will serve as co-manager.
The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 202,500 shares of Class A common stock to cover over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., will serve as sole bookrunning manager for the offering. Compass Point Research & Trading, LLC, Mitsubishi UFJ Securities and National Securities Corporation will serve as lead managers and Aegis Capital Corp. will serve as co-manager.
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